Finding 1152560 (2024-001)

Material Weakness Repeat Finding

Requirement

B

Questioned Costs

-

Year

2024

Accepted

2025-09-10

Audit: 366034

Organization: Harvard Townhouse, Inc. (NE)

Auditor: Core CPAS

AI Summary

Core Issue: There is a material weakness in internal controls due to inadequate segregation of duties related to the Rural Rental Housing Loans program.
Impacted Requirements: This finding affects compliance with allowable costs and cost principles under federal regulations.
Recommended Follow-Up: Review and implement corrective actions as outlined by the responsible manager to address this ongoing issue.

Finding Text

FINDING 2024-001: Material Weakness in Internal Control over Compliance – Inadequate Segregation of Duties Federal Program: CFDA 10.415 – Rural Rental Housing Loans Pass-Through Entity: U.S. Department of Agriculture – Rural Development Award Number: N/A Compliance Requirements: B – Allowable Costs/Cost Principles Type of Finding: Material Weakness in Internal Control over Compliance Criteria: See Part II, Finding 2024-001 Condition and Context: See Part II, Finding 2024-001 Questioned Costs: N/A Cause: See Part II, Finding 2024-001 Effect or Potential Effect: See Part II, Finding 2024-001 Recommendation: See Part II, Finding 2024-001 Repeat Finding: 2023-001, 2022-001, 2021-001, 2020-001, 2019-001, 2018-001, 2017-001, 2016-001, 2015- 001, 2014-001, and 2013-001 Responsible Official’s Response and Corrective Action Plan: See Page 43, Finding 2024-001 Planned Implementation Date: See Page 43, Finding 2024-001 Person Responsible for Corrective Action: Manager

Programs in Audit

ALN	Program Name	Expenditures
14.239	Home Investment Partnerships Program	$300,000
10.427	Rural Rental Assistance Payments	$54,880
10.415	Rural Rental Housing Loans	$40,800

Finding 1152560 (2024-001)

AI Summary

Finding Text

Categories

Other Findings in this Audit

Programs in Audit